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ICE canola futures traded in a range of about $475 to $525 per tonne, closing the week near $494.80. Statistics Canada's satellite-based model puts the 2017 canola crop at a record 19.7 million tonnes, and deliveries into the pipeline are running above half a million tonnes weekly.
A record crop and steady deliveries cap canola prices within the range, although strong global oilseed demand limits downside.
manitobacooperator.cafbcadminb3bnw5Sep 28, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
